The World Commerce Corporation of New York has agreed to extend $5,000,000 worth of credit to the Israel Government, it was announced here today. The credit, which will be granted for a poried up to five years, will be used for the purchase of foodstuffs, fodder and raw materials. The total may later be raised to $7,500,000.
Imports into Israel amounted to about $21,000,000 during April of this year and exports totalled $3,000,000, it was revealed today. For the first four months of this year the imports total about $87,000,000 and the exports amounted to loss than $20,000,000. The Israel diamend industry has received an allocation of about $500,000 for the purchase of crude diamends in July. This will keep the level of employment in the industry at approximately the same point as in recent months.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
